The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Maryland residents, the state will deduct 8.95% from your lottery earnings.
| Maryland MEGA Millions Jackpot/Cash Option for Fri Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(8.95%) | $14,642,200 | | Net Lumpsum Payment | $88,465,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$495,720 |
$3,033,373 |
| 2 |
$5,815,872 |
$2,112,203
$520,521 |
$3,183,148 |
| 3 |
$6,106,592 |
$2,219,769
$546,540 |
$3,340,283 |
| 4 |
$6,412,032 |
$2,332,782
$573,877 |
$3,505,373 |
| 5 |
$6,732,560 |
$2,451,378
$602,564 |
$3,678,618 |
| 6 |
$7,069,280 |
$2,575,964
$632,701 |
$3,860,615 |
| 7 |
$7,422,560 |
$2,706,678
$664,319 |
$4,051,563 |
| 8 |
$7,793,872 |
$2,844,063
$697,552 |
$4,252,257 |
| 9 |
$8,183,584 |
$2,988,256
$732,431 |
$4,462,897 |
| 10 |
$8,592,800 |
$3,139,666
$769,056 |
$4,684,078 |
| 11 |
$9,022,256 |
$3,298,565
$807,492 |
$4,916,199 |
| 12 |
$9,473,424 |
$3,465,497
$847,871 |
$5,160,056 |
| 13 |
$9,947,040 |
$3,640,735
$890,260 |
$5,416,045 |
| 14 |
$10,444,576 |
$3,824,824
$934,790 |
$5,684,962 |
| 15 |
$10,966,768 |
$4,018,035
$981,526 |
$5,967,207 |
| 16 |
$11,515,088 |
$4,220,913
$1,030,600 |
$6,263,575 |
| 17 |
$12,090,640 |
$4,433,867
$1,082,112 |
$6,574,661 |
| 18 |
$12,695,264 |
$4,657,578
$1,136,226 |
$6,901,460 |
| 19 |
$13,330,064 |
$4,892,454
$1,193,041 |
$7,244,569 |
| 20 |
$13,996,512 |
$5,139,040
$1,252,688 |
$7,604,784 |
| 21 |
$14,696,448 |
$5,398,016
$1,315,332 |
$7,983,100 |
| 22 |
$15,431,344 |
$5,669,928
$1,381,105 |
$8,380,311 |
| 23 |
$16,202,672 |
$5,955,319
$1,450,139 |
$8,797,214 |
| 24 |
$17,013,008 |
$6,255,143
$1,522,664 |
$9,235,201 |
| 25 |
$17,863,456 |
$6,569,809
$1,598,779 |
$9,694,868 |
| 26 |
$18,756,960 |
$6,900,406
$1,678,748 |
$10,177,806 |
| 27 |
$19,694,624 |
$7,247,341
$1,762,669 |
$10,684,614 |
| 28 |
$20,679,392 |
$7,611,705
$1,850,806 |
$11,216,881 |
| 29 |
$21,713,472 |
$7,994,315
$1,943,356 |
$11,775,801 |
| 30 |
$22,799,072 |
$8,395,987
$2,040,517 |
$12,362,568 |
|
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